empty
 
 
07.11.2018 04:51 PM
Oil prices jumped to rise after falling the day before

This image is no longer relevant

The cost of Brent crude on the world market moved to an increase to $ 73.50 a barrel after falling to $ 71.30 the day before. Quotes of American oil WTI rose to $ 62.77 per barrel. The driver of their rise was the message that OPEC + is discussing the possibility of reducing oil production in 2019.

Yesterday, the price of oil fell after the news of the provision of a number of countries temporary exclusion from oil sanctions against Iran. Additional pressure on the quotes had a report from the American Petroleum Institute (API), reflecting the growth of stocks of crude oil in the US by 7.8 million barrels.

Saudi Arabian Energy Minister Khalid al-Falih said that OPEC + intends to sign an agreement on indefinite cooperation in December, and all countries will be able to set new indicators to reduce oil production for next year.

Tatiana Strelkova,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback